Construction news

Alun Griffiths to “restructure and resize” after £95m loss

12-03-2025 16:06 via constructionenquirer.com

Civils contractor Alun Griffiths has launched an “urgent restructure” after posting a £95m loss from a turnover of £263m in its latest accounts.
Results filed at Companies House for the year to December 31 2023 show a pre-tax loss of £95m compared to £20m last time on turnover down to £262.7m from £301m.
The firm said “Following the significant trading challenges experienced over the past few years, the company has carried out a comprehensive

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Expanding utilities specialist Ipsum buys Matrix Power

12-03-2025 09:12 via constructionenquirer.com

Utility services contractor Ipsum has made its 10th acquisition after buying Middlesborough-based Matrix Power to expand its offer in the north east of England.
Matrix Power has a dedicated inhouse workforce of commissioning engineers, field technicians, cable jointers and cable installers that will build on Ipsum’s existing expertise in the region.
The acquisition strengthens capabilities in high voltage electrical power systems including design, equipment installation, cable installation

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Balfour Beatty profit dented by £83m building safety hit

12-03-2025 09:05 via constructionenquirer.com

A reassessment of building safety work dented Balfour Beatty pre-tax profits last year which slipped 14% to £214m.
But underlying profit from operations edged up 7% to £252m helped by improved profitability in UK Construction and higher volumes at Gammon.
This was partially offset by reduced profits in US Construction.Overall revenue remained stable, up 4% to just over £10bn.
Balfour Beatty said it has increased building remediation provisions by £83m following a full ass

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Historic scaffolding firm files administration notice

12-03-2025 08:29 via constructionenquirer.com

A scaffolding contractor that has been in business for more than 125 years has filed a notice of intention to appoint an administrator.
Hertfordshire based Rodells has been trading since 1898 when it was founded by Leonard Rodell as a steeple-jacking company.
The company operates a large scaffolding operation from its yard in London Colney offering scaffolding services for large commercial and industrial jobs across the country.It also has a specialist access works division based in St Alba

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Briggs & Forrester hits record revenue and orders

12-03-2025 07:59 via constructionenquirer.com

Building services specialist Briggs & Forrester Group has successfully regrouped after three challenging years to deliver record revenue and orders.
The Northampton-based employee-owned firm is now predicting further steady growth across its three remaining operating divisions after offloading its maintenance operation BSM at the end of last year.
Turnover for year ending October 2024 jumped 28%, to a record £272m with a tripling of pre-tax profit to £3.3m.All businesses delivere

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